Cristiano Ronaldo (left) heads to score past Russia's goalkeeper Igor Akinfeev on WednesdayCristiano Ronaldo's 74th senior international goal was enough to earn Portugal victory over hosts Russia in the Confederations Cup.The 32-year-old Real Madrid forward's early header secured a 1-0 win at Moscow's Spartak Stadium and left Fernando Santos' men on four points, a point clear of their opponents, at...

With their World Cup winners absent in Russia, Germany's rising stars are relishing their chance to shine at the Confederations Cup.None of the side that won the 2014 World Cup final in Brazil is present in coach Joachim Loew's squad in Russia, with some having retired and others either injured or rested.After a season in a struggling Schalke team, central midfielder Leon Goretzka was one of those...

Bangladeshi fast bowler Rubel Hossain has been ruled out for at least a month after colliding with a door and breaking his jaw while on tour in England, his doctor said on Wednesday. The mishap occurred in the Bangladesh team hotel in Birmingham on June 15 after the semi-final loss to India in the Champions Trophy. Bangladesh Cricket Board physician Monirul Amin said Rubel underwent surgery on Wednesday...

Newly-crowned Indonesia Open champion Kidambi Srikanth and title-holder Saina Nehwal progressed to the second round with contrasting wins at the Australian Super Series here on Wednesday.Olympic silver-medallist PV Sindhu and Singapore Open Champion B Sai Praneeth also entered the second round but it was curtains for four other singles player, including giant- slayer H S Prannoy.Srikanth continued...

government has sold another 2.5 per cent in engineering company Larsen & Toubro, which will fetch the exchequer around Rs 4,000 crore.The stake in L&T, held through the Specified Undertaking of Unit Trust of India (SUUTI), was sold through block deals in the stock markets. In November last year, the government had sold 1.63 per cent in L&T.Officials in the department of investment and public asset...

and industry ministry has constituted six groups for preparing a framework for the country's new industrial policy that includes taxation, MSME and innovation, among others. The department of industrial policy and promotion (DIPP) is working on this policy which would completely revamp the industrial policy of 1991, an official said.A former head of immigration at Infosys in the US has filed a lawsuit...

single dissenting voice had favoured a deep repo rate cut at the RBI's monetary policy meet on June 6-7, where the six-member committee kept the benchmark rate unchanged at 6.25 per cent over fears of high inflation.Ravindra H. Dholakia, an IIM-Ahmedabad professor and a government nominee to the panel, had proposed a 50-basis-point-cut in the repo rate, arguing the developments on the prices and output...

Days before the rollout of the the goods and services tax (GST), the government today sought to dispel the notion that the new levy will be cumbersome and compliance-heavy, saying taxpayers need to file only one return every month, similar to what they do at present.Revenue secretary Hasmukh Adhia said the notion that assessees will have to file three returns every month is unfounded and retailers...

market regulator today allowed hedge funds to invest in commodity derivatives but tightened the rules on participatory notes (P-Notes).Sebi's latest move on hedge funds is expected to deepen the market for commodity derivatives, improve liquidity and the quality of price discovery. At present, institutional participants are not allowed in the commodity derivatives market in India.The Securities and...

ministry today assured exporters that the Foreign Trade Policy will be continuously calibrated with the goods and services tax as the country shifts to the new regime.Exporters had expressed concern that under GST, businesses would have to pay tax first and then claim the refund, resulting in an increase in the working capital requirement.Estimates suggest that exporters' working capital of up to Rs...